Apple rockets in early trading, hits new intraday 52-week high

Shares of Apple Computer (AAPL) are up $0.85, or 2.82%, to hit a new 52-week intraday high of $30.97 per share in heavy volume (400,982) morning NASDAQ trading. Apple’s previous 52-week high, set on June 10, 2004, stood also at $30.97.

NASDAQ Apple quote (15-minute delay) here.


  1. We can probably expect more such highs before the WWDC, and then maybe some profit-taking after (or possibly before) Steve’s speech. You long-termers out there won’t care, though. Congrats to all who bought under $20 US. I’m not one of them

  2. This STILL a good time to buy Apple stock–there’s big upside coming as iTunes is launched in the rest of Europe, Japan, Australia, New Zealand, etc. And there is more in the future launch and success of iPod mini outside of the U.S. The market necessarily prices in some risk until those things are actually successful–but if you think they will be as a big a hit in the rest of the world as they have been in the US, time to invest now…

  3. Waiting for WWDC. If Apple announces some kind of new and cheap consumer oriented computer to woo PC iPod owners to go the next step, then I can see Apple’s stock hitting the low 50’s. Otherwise, I think it’ll peak in the mid 30’s for this year.

    Then again, you never know when Apple is gonna release something totally new and unpredicted. That is a fun of this stock I suppose.

    If WWDC comes out flat, then expect the stock to go down to the high 20’s again.

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